Insider Selling: Paycom Software, Inc. (NYSE:PAYC) CEO Sells $281,151.00 in Stock

Paycom Software, Inc. (NYSE:PAYC) CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.18, for a total value of $281,151.00. Following the sale, the chief executive officer now owns 3,049,058 shares of the company’s stock, valued at approximately $439,613,182.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Paycom Software Price Performance

Shares of PAYC stock opened at $140.93 on Thursday. The business’s fifty day moving average price is $165.07 and its 200 day moving average price is $184.15. Paycom Software, Inc. has a 1-year low of $139.69 and a 1-year high of $374.04. The firm has a market capitalization of $8.19 billion, a PE ratio of 17.17, a P/E/G ratio of 2.15 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, May 1st. The software maker reported $4.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $2.29. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. The firm had revenue of $499.88 million for the quarter, compared to analyst estimates of $495.89 million. Equities research analysts expect that Paycom Software, Inc. will post 6.37 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.06%. The ex-dividend date was Friday, May 24th. Paycom Software’s dividend payout ratio (DPR) is 18.27%.

Institutional Trading of Paycom Software

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Paycom Software by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 5,936,910 shares of the software maker’s stock valued at $1,227,278,000 after purchasing an additional 137,583 shares during the last quarter. Sylebra Capital LLC acquired a new stake in Paycom Software in the first quarter valued at $253,196,000. American Century Companies Inc. grew its holdings in Paycom Software by 18.8% in the third quarter. American Century Companies Inc. now owns 1,139,511 shares of the software maker’s stock valued at $295,441,000 after purchasing an additional 180,202 shares during the last quarter. Brown Capital Management LLC grew its holdings in Paycom Software by 10.1% in the fourth quarter. Brown Capital Management LLC now owns 1,106,045 shares of the software maker’s stock valued at $228,642,000 after purchasing an additional 101,744 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Paycom Software by 7.9% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 977,055 shares of the software maker’s stock valued at $182,426,000 after purchasing an additional 71,272 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PAYC. William Blair reiterated a “market perform” rating on shares of Paycom Software in a research note on Thursday, May 2nd. BMO Capital Markets reduced their price objective on Paycom Software from $200.00 to $190.00 and set a “market perform” rating for the company in a research note on Thursday, May 2nd. StockNews.com upgraded Paycom Software from a “hold” rating to a “buy” rating in a research note on Tuesday, May 28th. TD Cowen reduced their price objective on Paycom Software from $170.00 to $147.00 and set a “hold” rating for the company in a research note on Thursday, June 20th. Finally, Barclays dropped their target price on Paycom Software from $193.00 to $184.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Sixteen analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Paycom Software currently has a consensus rating of “Hold” and a consensus price target of $237.81.

About Paycom Software

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.